MemeFi Price Prediction: what will be the Memefi listing price?
The MemeFi team has officially announced the listing date for its highly anticipated token, set for October 30th, 2024. As the big day approaches, the crypto community is abuzz with speculation about what this could mean for MemeFi market debut.
With the project planning to distribute 90% of its tokens to its community, and with a market capitalization expected to range between $600 million and $700 million, there are several factors to consider when analyzing the potential price trajectory.
MemeFi Expected Market Capitalization and Token Distribution
MemeFi’s approach of distributing a vast majority of tokens (90%) to the community is a strategic move to foster user engagement and create a strong, loyal user base. Assuming the projected market capitalization of $600 million to $700 million at launch, the initial token price could be calculated by dividing the market cap by the total circulating supply.
MemeFi Listing Price Prediction
While the exact total supply of MemeFi tokens has not been disclosed, let’s consider a hypothetical circulating supply of 1 billion tokens at launch. This would place the initial price range between $0.60 to $0.70 per token. However, if the supply is larger, say 10 billion tokens, the price could range between $0.06 to $0.07 per token.
MemeFi Centralized Exchange Listings
MemeFi's listing has announced that the token will be listed on several top-tier centralized exchanges is a significant factor that could influence its price. Listings on major exchanges usually lead to increased liquidity and visibility, which could drive demand and, subsequently, the price higher. The reveal of these exchanges in the coming weeks will likely create further anticipation and potential price movements in the pre-listing phase.